Funding arb · Price arb /

CRV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against Variational Omni−0.101%7-day average +0.084% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.232%+$23 · spread now −0.101%, 7d avg +0.084%

Together, before fees+0.350%+ Points / potential airdropVariational Omni: Active · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.185% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.084%). If the spread goes back, that is −$19 on $10k: about 3.0 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CRV	0.3556	−0.0104	get 0.0104% / 8h	5h 51m	$1.1M	$132K	—
Short	ApeX Omni CRVUSDT	0.3552	0.0100	get 0.0013% / 1h	51m 34s	$51K	$651K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.101%Rate

Funding earned: $42.84
Price spread: −0.101% → +0.084%: −$18.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $14.33
Costs to cover: 0.100%
Break-even: 4.7 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; ApeX Omni: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 1 min ago	5.63 bp	doesn't fit	36.6 bp −$366	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	9.86 bp	18.5 bp −$19	103.1 bp −$1,031	doesn't fit	doesn't fit

CRV on 30 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack CRV_USDC_PERP	−0.0331%	1h	0.3552	−0.093%	$92K	$244K	10x	as long as short
Variational Omni CRVlong	−0.0104%	8h	0.3556	long leg	$1.1M	$132K	—
Reya CRVRUSDPERP	−0.0048%	1h	0.3548	−0.210%	$15	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0032%	1h	0.3550	−0.157%	$54K	$45K	25x	as long as short
Phoenix CRV	−0.0022%	1h	0.3553	−0.087%	$25K	$171K	10x	as long as short
dYdX CRV-USD	0.0000%	1h	0.3547	−0.239%	$40K	$13K	10x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+3.218%	$79	$384K	12x	as long as short
Bybit CRVUSDT	+0.0075%	8h	0.3542	−0.382%	$26.5M	$18.0M	75x	as long as short
Lighter CRV	+0.0096%	1h	0.3544	−0.312%	$375K	$599K	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3548	−0.216%	$138K	$153K	10x	as long as short

Show all 30 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica CRV	+0.0100%	1h	0.3545	−0.286%	$358K	$192K	10x	as long as short
Binance CRVUSDT	+0.0100%	8h	0.3544	−0.322%	$24.5M	$51.0M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3542	−0.382%	$8.6M	$18.4M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3547	−0.242%	$1.9M	$989K	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3543	−0.354%	$12.2M	$5.2M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3545	−0.298%	$6.5M	$8.2M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3546	−0.270%	$6.6M	$4.1M	75x	as long as short
BingX CRV-USDC	+0.0100%	8h	0.3544	−0.326%	—	$1.6M	—	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3552	−0.113%	$37K	$171K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3557	+0.051%	$505K	$390K	10x	as long as short
ApeX Omni CRVUSDTshort	+0.0100%	1h	0.3552	−0.101%	$51K	$651K	50x
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3551	−0.129%	$24K	$850	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3638	+2.318%	$1K	$1.2M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3542	−0.374%	$252K	$518K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3550	−0.154%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3547	−0.242%	$1.3M	$3.5M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0392%	1h	0.3556	+0.011%	$354K	$3.9M	50x	as long as short
GMX CRV/USD [ETH-USDC]	L +0.0413% / S −0.0178%	1h	0.3550	−0.165%	$208K	—	100x	as long as short
Hyperliquid CRV	+0.0471%	1h	0.3550	−0.154%	$21.1M	$16.0M	10x	as long as short
Kraken Futures PF_CRVUSD	+0.0663%	1h	0.3554	−0.055%	$3.0M	$2.1M	50x	as long as short